HYCM vs IC Markets 2026: Which Broker is Better?
In this broker comparison, we delve into the differences between HYCM and IC Markets, two established names in the trading industry. HYCM, with a long-standing history since 1977, is appealing to traders seeking a reputable broker with robust regulatory oversight and a strong presence in the MENA and Asian regions. In contrast, IC Markets, founded in 2007, attracts traders looking for ultra-low spreads and fast execution speeds, supported by multiple trading platforms including TradingView. Both brokers offer a wide range of markets, but differ in minimum deposit requirements and platform offerings, catering to different types of trading preferences.
HYCM
IC Markets
| HYCM | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 3.9/5 ✓ |
| Min. Deposit | $100 ✓ | $200 |
| Spread from | 0.2 pips | 0 pips ✓ |
| Max Leverage | 1:500 | 1:500 |
| Regulation | FCA, CySEC, DFSA ✓ | ASIC, CySEC |
| Platforms | MT4, MT5 | MT4, MT5, TradingView |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.6/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowHYCM vs IC Markets: Key Differences
HYCM
WinnerIC Markets
Still deciding between HYCM and IC Markets?
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Fees Comparison
HYCM
IC Markets
BrokerRank Verdict
Who Should Choose Which?
HYCM
3.6/5
Choose HYCM if you want…
- No per-trade commission
- Lower minimum deposit ($100)
- More regulatory licences (3)
- More established (est. 1977)
IC Markets
3.9/5
Choose IC Markets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- More platforms (4 supported)
Also consider
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Both HYCM & IC Markets are available in
Frequently Asked Questions
1Is HYCM better than IC Markets?
IC Markets scores higher overall on our independent rating system. HYCM holds a 3.6/5 rating vs IC Markets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, HYCM or IC Markets?
HYCM offers spreads from 0.2 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for HYCM vs IC Markets?
HYCM requires a minimum deposit of $100. IC Markets requires $200.
4Which broker is safer, HYCM or IC Markets?
HYCM is regulated by FCA, CySEC, DFSA, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do HYCM and IC Markets support?
HYCM supports MT4, MT5. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both HYCM and IC Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
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76% of Brokers Use Proprietary Platforms
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